EU Parliament approves 1st reading of bill to address secrecy of beneficial...
Disclosure of Beneficial Ownership in EU In a sweeping set of proposals, today the European Union Parliament voted to approve, at first reading, amendments to the proposed 4th Anti-Money Laundering...
View Article10th Annual National Money Laundering Symposium at Osgoode Hall Law School
The agenda is out for the upcoming 10th Annual National Symposium on Money Laundering in Toronto on April 4, 2014. The Symposium includes sessions on the following: Report from Gérald Cossette,...
View ArticlePrimer on correspondent banking relationships and offshore tax havens
How correspondent banking relationships are used to launder funds My favorite resource for correspond banking is the US Senate Report on Correspondent Banking published several years ago. Despite its...
View ArticleJackpot or not? Report says online gambling sites and Bitcoin facilitate...
Report incorrectly alleges that online gambling sites and Bitcoin facilitate money laundering by Christine Duhaime, BA, JD, Certified Financial Crime and Anti-Money Laundering Law Specialist Follow...
View ArticleBitcoin in Amsterdam
We are participating in three exciting sessions on digital currencies (and Bitcoin) in Amsterdam this month for those interested in joining: At the Bitcoin Foundation Conference on May 16, 2014 on a...
View Article2nd Annual ACAMS Conference in Toronto on Anti-Money Laundering
The ACAMS 2nd Annual AML & Financial Crime Conference Canada in Toronto on June 9-10, 2014 has an interesting and exciting list of speakers and topics. Highlights of this year’s program include:...
View ArticleBankrupting the banks? Historic trial may find financial institutions liable...
Banks and financial institutions around the world are closely watching the Linde v. Arab Bank case unfold in New York City. It’s the first civil trial against a bank for alleged violations of the...
View ArticleIslamic State – ISIS funded by sales of oil, captured women and taxes...
Terrorist groups are not a financial island This article has been updated and replaced with the White Paper on ISIS’ Terrorist Financing available here.
View ArticleFrance calls for stronger counter-terrorist financing laws
Consensus on Supranational Risk Assessment As part of the 4th Anti-Money Laundering Directive approval process in the European Union (the “4th AMLD“), the Council of the European Union’s President...
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A difficult issue facing the refugee crisis – the fake Syrian refugee and its...
Complicated Growing Use of Fake Syrian Passports According to several recent news reports, many, many refugees and migrants entering, or who have entered, the EU are doing so with false Syrian...
View ArticleCanada doing a lot worse combatting money laundering and drug trafficking...
Canada once again a “Major Money Laundering” country The 2018 “International Narcotics Control Strategy Report” (INCSR) published in March 2018 by the U.S. Department of State identifies Canada once...
View ArticleNarcos Canada: Canadian banks & professions deal with significant proceeds of...
Canada still on the Majors List Canada made it on the “Majors List” in the annual US State Department’s International Narcotics Control Strategy Report (“INCSR“) again this year. The Majors List is...
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Narco jets – how next to no security and oversight at private jet terminals,...
Jetting money around for cartels According to a seasoned former agent with HSI, who gave an interview to the Courier Journal, private jets are being used to move drugs and bulk proceeds of crime in...
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